The board of directors of Lumax Industries Limited meeting held on May 24, 2024, approved resignation given by Mr. Toru Tanabe from the position of Non-Executive Director (Nominee - Stanley Electric Co. Ltd., Japan) of the Company with effect from the close of the business hours of May 24, 2024. The board approved the appointment of Mr. Tomohiro Kondo, as an Additional Non-Executive Director of the Company with effect from May 25, 2024, as recommended by the Nomination and Remuneration Committee.

Mr. Tomohiro Kondo is not debarred from holding the office of Non- Executive Director by virtue of any SEBI order or any other such Authority. Mr. Tomohiro Kondo is Nominee of Stanley Electric Co. Ltd. Japan, the Financial and Technical Collaborator of the Company.

Mr. Tomohiro Kondo is a University Graduate. He has rich experience in the automotive industry and is associated with the Stanley Group since May 2009.